0
General

Telia sells credit services arm Sergel for SEK 2.07 billion

Tuesday 21 June 2016 | 10:26 CET | News

FREE webinar by Telecompaper on the Trends and Developments in the Dutch Telecoms market 2019Q2. Thursday 26th September at 15:00. Register now!

Telia Company said it has agreed to sell its Nordic and Baltic credit management services (CMS) and debt purchase business Sergel to Marginalen for SEK 2.07 billion on a cash and debt-free basis. The proceeds will generate a positive net cash effect of approximately SEK 1.87 million and strengthen Telia Company's balance sheet. Telia CFO Christian Luiga said the transaction is part of its continuing strategy to focus on its core business.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Countries: Estonia / Latvia / Lithuania / Scandinavia
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Telia warns of hit to Q2 results on further Ucell writedown

Published 14 Jul 2017 12:17 CET | Uzbekistan
Telia Company has warned for a negative impact on second-quarter profits, due mainly to a further writedown on the value of its ...

Telia posts SEK 8.8 bln loss on Uzbekistan settlement

Published 21 Oct 2016 08:53 CET | Europe
Telia reported a net loss of SEK 8.81 billion for the third quarter, compared to a profit of SEK 4.59 billion a year ago, due to ...

Hogere ebitda voor Telia bij vlakke omzet

Published 20 Jul 2016 11:27 CET | Scandinavia
Telia heeft over het tweede kwartaal van dit jaar een omzet gerealiseerd van 21,1 miljard Zweedse kroon, ongeveer 2,2 miljard ...

Telia grows Q2 EBITDA 4%, still sees small FY increase

Published 20 Jul 2016 08:59 CET | Scandinavia
Telia has maintained its full-year outlook for flat to slightly higher comparable EBITDA in 2016, despite growth of over 7 ...

Telia plans Telia Zone home broadband ecosystem

Published 21 Jun 2016 10:45 CET | Sweden
Telia Company said that it plans to launch Telia Zone, which it called a digital ecosystem and platform for broadband ...

Telia to sell Yoigo stake to MasMovil for EUR 479 mln

Published 21 Jun 2016 09:56 CET | Spain
Swedish telecommunications group Telia has agreed to sell its 76.6 percent stake in Spanish mobile operator Yoigo to MasMovil for ...

Omnitel and Baltic Data Centre change legal status

Published 13 Jun 2016 23:51 CET | Lithuania
Lithuanian mobile operator Omnitel and the company Baltic Data Center (BDC) have changed their legal status, reports Vz.lt. The ...

Telia moves to new headquarters in Stockholm

Published 07 Jun 2016 11:59 CET | Sweden
Telia Company said its 3,300-strong Stockholm workforce is moving on 07 June to new premises above Mall of Scandinavia in the ...

Sonera provides digital financial services with Administer

Published 31 May 2016 12:15 CET | Finland
Telia's Finnish arm, Sonera, said it is now providing digital financial services in conjunction with Administer, an authorised ...

Telia drops Finnish as official language of communication

Published 31 May 2016 11:49 CET | Finland
Telia Company said that it will now use Swedish and English, but not the Finnish language, in stock exchange releases, press ...

TeliaSonera plans to rebrand as Telia Company

Published 07 Mar 2016 12:21 CET | Scandinavia
TeliaSonera said shareholders at its 12 April annual general meeting (AGM) will decide whether it should change names and become ...

Netcom changes name to Telia

Published 26 Feb 2016 11:42 CET | Norway
TeliaSonera's main brand in Norway, NetCom, will change its name to Telia on 1 March. This is a natural step following the ...